U.S. Housing Market Updates
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Home Sales in Virginia Up 13% Year-Over-Year
The median sales price in Virginia last month was $415,000, up $30,000 from November 2023. Continue Reading Home Sales in Virginia Up 13% Year-Over-Year
Hits and Misses for the Real Estate Week of Dec. 16-20
NAR’s image problems, the Chicago mayor’s learning curve and political tumult in Canada top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Dec. 16-20
New York State Housing Inventory at 8-Month Low
The lack of available properties resulted in a 4.6% year-over-year decline in closed sales. Continue Reading New York State Housing Inventory at 8-Month Low
Wisconsin Home Sales Inched Up in November
Also on the rise was the state’s median price – $310,000, up 8.8% from $279,900 in the prior year. Continue Reading Wisconsin Home Sales Inched Up in November
Existing Home Sales Up in November
Last month’s median existing home price for all housing types was $406,100. Continue Reading Existing Home Sales Up in November
Bascom Group Acquires Seattle Multifamily Community
Built in 1992, the property features a five-story residential building situated above two levels of structured parking. Continue Reading Bascom Group Acquires Seattle Multifamily Community
Mortgage Rates Take Another Drop
The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12. Continue Reading Mortgage Rates Take Another Drop
Home Flipping Activity and Profits Down in Q3
The top four metro areas that recorded the largest flipping rates during the third quarter were all in Georgia. Continue Reading Home Flipping Activity and Profits Down in Q3
Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
“There are buyers out there who have been waiting a long time to get into the market,” said Dr. Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Home Sales Up Despite Fewer Listings, Higher Prices
Asking Rents Fall to Lowest Level Since March 2022
Sun Belt markets saw the most significant declines in median rents, led by Austin (-12.4%), Tampa (-11.3%) and Raleigh (-8.4%). Continue Reading Asking Rents Fall to Lowest Level Since March 2022
Study: Most Americans Want to Age in Their Current Homes
The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP's 2024 Home and Community Preferences Survey. The new survey polled 3,090 adults from June...
Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Musk is reportedly considering the purchase of a penthouse in The Bristol, a luxury building in Palm Beach. Continue Reading Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago
Refinance Surge Drives Up Mortgage Applications
The Refinance Index enjoyed a 27% bump-up from the previous week and was 42% higher than the same week one year ago. Continue Reading Refinance Surge Drives Up Mortgage Applications
A Phil Hall Op-Ed: A Tale of Two Misguided Cities
Editor Phil Hall questions the viability of government-fueled real estate projects in New York City and Chicago. Continue Reading A Phil Hall Op-Ed: A Tale of Two Misguided Cities
Foreclosure Filings Down in November
Lenders started the foreclosure process on 20,231 properties last month. Continue Reading Foreclosure Filings Down in November
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
